Garban wins ETC approval in Japan

Garban Totan Securities has won approval from Japanese regulators to operate an electronic fixed income trading system for the national government bond market.

  0 Be the first to comment

Garban wins ETC approval in Japan

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The company, a joint venture between Garban-Intercapital and Totan, is the only matched principal broker so far to receive approval. The company claims a 40% share of the brokered market of Japanese government bonds.

Bryan Massey, CEO of Garban Totan Securities, says: "All of Garban-Intercapital's current voice broked liquidity will be carried on ETC. A completely new extranet has been created in Tokyo and the system has so far been installed and tested in the trading rooms of 17 clients. Further clients will be added to the system during the next month."

The ETC system for the Japanese market uses the same underlying technology as that used in the US Treasury markets. In December 2000, electronic trading on ETC in US Treasuries exceeded $139 billion.


Sponsored [New Event Report] AI’s Role in the US Financial Services Sector: Balancing Innovation and Compliance

Comments: (0)

[Webinar] Practical AI in Payments: Moving Beyond Buzzwords to Bottom-Line ImpactFinextra Promoted[Webinar] Practical AI in Payments: Moving Beyond Buzzwords to Bottom-Line Impact